quote:
My mom buys a good bit of that type stuff, and there really is not a whole lot of difference in the two sellers, other than the Hobby Lobby 500% markup.

And you wonder why Hobby Lobby always has discounts on all of their items.

Hobby Lobby’s pricing philosophy, let’s sell this picture frame for 20 dollars that we paid a dollar for from a wholesaler in China.

Then we will advertise all picture frames 75% off. We make off with a profit of 4 dollars before labor and other capital costs used to run the store.

TEMU: we sell the same item for 2 dollars charge you 5 dollars to ship via China Post/USPS. Item may get stuck in customs for a few weeks.

This post was edited on 11/24/23 at 7:26 am

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Posted by LegendInMyMind

Member since Apr 2019

55499 posts

Posted on 11/24/23 at 7:30 am to Tarps99

quote:
And you wonder why Hobby Lobby always has discounts on all of their items.

Hobby Lobby’s pricing philosophy, let’s sell this picture frame for 20 dollars that we paid a dollar for from a wholesaler in China.

Then we will advertise all picture frames 75% off. We make off with a profit of 4 dollars before labor and other capital costs used to run the store.

TEMU: we sell the same item for 2 dollars charge you 5 dollars to ship via China Post/USPS. Item may get stuck in customs for a few weeks.

Even with the discounts Hobby Lobby is a good bit higher on most stuff. The deepest cut you'll get on anything that isn't home decor type stuff (art supplies) is 40%. For their store brand art stuff, it is the same quality made in the same place by the same people. It just has a different name on it. Temu doesn't charge shipping on orders over like $15.

This post was edited on 11/24/23 at 7:31 am

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